GOSHEN, Ind.--(BUSINESS WIRE)--Supreme Industries, Inc. (NYSE MKT: STS), a leading manufacturer
of specialized commercial vehicles including truck bodies and specialty
vehicles, today announced a definitive agreement has been reached to
sell the Company’s shuttle-bus assets to Forest River, Inc.

In December 2013, management announced Supreme would exit the
shuttle-bus business and divest the associated assets. This action is
consistent with the Company’s previously disclosed long-term strategy of
focusing on its core work truck and specialty vehicle markets. Net
proceeds from the sale of assets are estimated to be approximately $7
million dependent upon sales of buses prior to close. A modest gain on
the sale is anticipated and the proceeds will be used to fund a series
of topline growth initiatives, capital expenditures and margin expansion
projects. The transaction is expected to close within thirty days.

“We are pleased to have reached a mutually beneficial agreement for the
sale of our shuttle-bus assets to Forest River,” stated Mark D. Weber,
Supreme’s president and chief executive officer.

“The bus market has become increasingly competitive and this business
has been unable to achieve our profitable growth objectives,” he added.
“This divestiture allows us to concentrate our resources on growing our
work truck, specialty vehicle and trolley businesses.”

Forest River, Inc., an Indiana-based Berkshire Hathaway Company,
manufactures a full line of transit buses, shuttle buses and tour
coaches.

About Supreme IndustriesSupreme Industries, Inc. (NYSE
MKT: STS), is a nationwide manufacturer of truck bodies and
specialty vehicles produced to the specifications of its customers. The
Company's transportation equipment products are used by a wide variety
of industrial, commercial and law enforcement customers.